Crypto Crash Will Bring New Market Lows: BitMex CEO
Crypto Crash News Updates: In line with popular belief, experts predict the market is heading towards a crypto crash that could potentially lead to new lows in cryptocurrency values. After the FTX and Alameda Research situation played out, the crypto market saw a crypto crash with the FTX Token (FTT) dropping by around 80% in the space of 24 hours. After Binance CEO CZ announced his company would potentially acquiring FTX, the prices of all cryptocurrencies took the plunge.
Will FTX Binance Deal Go Through?
Meanwhile, reports suggest Binance will after all not proceed with the deal after initial round of assessment of FTX’s financials. It was said in the non-binding letter of intent for acquisition that FTX will go through the process of due diligence. However, latest reports say that Binance is more inclined towards rejecting the deal offer. The assessment is based on evaluation of FTX’s internal data and loan agreements.
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